08:59 AM EDT, 08/15/2019 (MT Newswires) -- Gold producer Harte Gold (HRT.TO) said late Wednesday that Q2 revenue increased 50% quarter-over-quarter to $11.8 million, thanks to higher gold production and prices.
During the quarter, the company's output was 7,754 ounces, up from 5,476 ounces for Q1.
The company expects mine performance to continue improving in the second half of 2019, with net positive free cash flow by Q4. It expects revenue to be $23.4 million in Q4 and $113.7 million in 2020.
Separately, the company said the high grade Sugar Zone South discovery continues to expand. A new high grade zone is presently being delineated and is currently 300 meters on strike at 200 meters down dip, it said.
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